Has the Pursuit of "Independence" in Corporate Governance Become Exaggerated?
About This Event

“Independence” is a central corporate governance idea in the discussions of the Sarbanes-Oxley era. But have the SEC, public companies, mutual funds, stock exchanges, accountants, and proxy advisers gotten carried away by the pursuit of independence? What are its limitations and does it interfere with other essential elements of governance, Listen to Audio


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particularly knowledge and informed risk-taking? How does it affect the functioning of boards and accounting firms? What can we learn by comparing publicly traded with privately held companies?

Agenda
9:30 a.m.
Registration and Continental Breakfast
10:00
Panelists:
Thomas P. Vartanian, Fried, Frank, Harris, Shriver & Jacobson LLP
William L. Walton, Allied Capital Corporation
Michael J. Ryan Jr. U.S. Chamber of Commerce
Peter J. Wallison, AEI
Moderator:
Alex J. Pollock, AEI
Noon
Adjournment
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AEI Participants

 

Alex J.
Pollock
  • Alex J. Pollock is a resident fellow at the American Enterprise Institute (AEI), where he studies and writes about housing finance; government-sponsored enterprises, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks; retirement finance; and banking and central banks. He also works on corporate governance and accounting standards issues.


    Pollock has had a 35-year career in banking and was president and CEO of the Federal Home Loan Bank of Chicago for more than 12 years immediately before joining AEI. A prolific writer, he has written numerous articles on financial systems and is the author of the book “Boom and Bust: Financial Cycles and Human Prosperity” (AEI Press, 2011). He has also created a one-page mortgage form to help borrowers understand their mortgage obligations.


    The lead director of CME Group, Pollock is also a director of the Great Lakes Higher Education Corporation and the chairman of the board of the Great Books Foundation. He is a past president of the International Union for Housing Finance.


    He has an M.P.A. in international relations from Princeton University, an M.A. in philosophy from the University of Chicago, and a B.A. from Williams College.


  • Phone: 202.862.7190
    Email: apollock@aei.org
  • Assistant Info

    Name: Emily Rapp
    Phone: (202) 419-5212
    Email: emily.rapp@aei.org

 

Peter J.
Wallison
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